Millionaire Expat 2nd ed: Update and Reviews

This book’s edits are finally finished! 

It should get printed in late December.  Reviews, so far, have been great. Here are a few:


Burton Malkiel, author of A Random Walk Down Wall Street, says Millionaire Expat is,

“Wise investment advice delivered with clarity and humor.”  


Scott Burns, the legendary syndicated financial columnist says:

“I like to think of Andrew Hallam as the Johnie Appleseed of Index Investing. He travels the world, introducing his fellow expats to the humble miracle of low-cost investing. That same investing is the best path to a well-funded and independent future. If he comes your way, make every effort to meet him. Listen carefully. Whether you meet him or not, read this book. First, you can use it as a shield against blood-sucking sales people. They will gladly drain the return on your savings to line their pockets. They will happily deprive you of a well-funded future. But there is a more important use for Millionaire Expat. It will be your detailed road map. It tells you exactly how to save and invest for your future while living in the growing tribe of expats.” 


Larry Swedroe, the well-respected finance writer and researcher says:

Millionaire Expat is like a trusted shield, protecting expatriates from the industry’s self-serving dragons.  Andrew Hallam describes investment strategies that are aligned with academic evidence, not the sales driven rhetoric to which so many naïve investors get burned”    



I’ll be bringing copies of Millionaire Expat to the ELME conference in Amsterdam, mid January.  I’ll also be bringing copies to the Middle East in late January, where I’ll be giving a series of talks and a radio show with Dubai Eye.  This book has 30 percent more content than its first edition (The Global Expatriate’s Guide To Investing).  At 380 pages, 40 percent of the content is original or updated (not previously published in the book’s first edition).

I hope you like it!

Find Out More or Pre-order Here



wealthbar special deal for andrew hallam readers

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

You may also like...

9 Responses

  1. Jen says:

    I will definitely be getting the second version. Even have managed to get some people at care..buying your books now Andrew!
    I need some advise…I use Saxo as my platform..and recently wanted to sell a small amount of an ETF …but cannot work out how to…seems to only be Close position or take profit/ stop loss options. Anyone sold..liek1% of something …if so how did they do it on Saxo? I am using my iPad so perhaps the whole platform does not show?

  2. Jen says:

    Further to my question comment above…I,ll try an example; I am sure some of you out there will be shaking your heads wondering why if I did not know this I have built a portfolio of ETFs…but I am a lay person and can only learn by asking. (I have also googled it but don’t find my answer):

    E.g. Theoretically speaking..?iretire and I have 1000 units in a global ETF….I withdraws 4% each that means then I sell 40units in year one….so that leaves me with 960 units (the value of which go up and down), the next year yI sell another 4% of my global ETF units etc…..but this means my money won’t last very long because my ETF units are getting less and less (even if there value increases).

    Someone please explain this to me. I was looking at my portfolio and never having sold anything. before was wondering how one would do it….and the only way one gets one money out is by…closing one,s position (selling everything) or selling the percentage of those ETF units.
    Help please.

    • Hi Jen,

      You would set a base of 4% in your first year of retirement, as shown in table 2.1 (page 15) of my book, The Global Expatriate’s Guide To Investing. Let’s say it amounted to a dollar figure of $20,000. At the end of that year, you would find out what inflation was. Let’s say it was 3 percent. In that case, you would withdraw $20,000 (because that’s your base) and add 3% to cover inflation (20,000 x 1.03 = $20,600). In this case, you would withdraw $20,600 in year two. Ignore the unit values (some units will split, and dividends will mess you up as well) and concentrate on the base amount being withdrawn (the 4%) then the additional amounts to cover inflation in each year after that.


      • Jen says:

        Hi Andrew..yes the withdrawing of an amount is what made sense to me…but as silly as this sounds..I did not realise I,d have to work out how many units I,d have to sell to equal that amount….and watch my units go lower…as u sell your units they get less…the units theselves. I don,t know if I,m making sense. I probably have to find someone to talk face to face. Thanks for your reply.

        • Jen,

          When your units split, you will end up with more of them. Don’t even think about units. Think about dollar (or pound values) as Mark also reiterated.
          It also sounds like Mark Zoril would definitely be worth your money. For $96, he could answer any question you want over the phone ($96 a year!) and he can help you with rebalancing and selling parts of your portfolio during retirement.


    • Chris says:

      Hi Jen,

      Never be shy to ask questions – that is how we all learn and it’s also a way to avoid costly mistakes too. Well done for going ahead and setting up your own portfolio. It won’t take long to get the hang of everything and you won’t regret having done so in the long run.

      Andrew has given you a clear answer to your earlier question, so not much to add – except to re-emphasise that your 4% calculation is based on the dollar value of your portfolio and not on the number of units you hold. Once you decide the dollar amount to withdraw, you can calculate the number of units you need to sell.

  3. Rizwan says:

    Hey Andrew,

    I read your book for Global Expats and was looking into opening an account with a broker. I am a Canadian expat in the U.A.E. looking to invest for about 25 years and retire back in Canada.

    Your book mentioned TD Waterhouse and TD Direct Investing as options for brokers for Canadians. I have also come across Internaxx and Swissquote. Considering that you mentioned the two in your book a few years ago, which one would you recommend to open an account with now?

    Thanks for the guidance,

    • Hi Riz,

      I also mentioned Saxo Capital Markets in that book. Internaxx is actually TD Direct International. I mentioned a few others in the second edition of my book, Millionaire Expat. But the brokerage you select is entirely up to you. It’s about the least important financial decision you could ever make.


  4. essential reading for visitors to andrew hallam website

Leave a Reply

By commenting you confirm you have read and that you agree to the conditions on the Legal Page; including the Privacy Policy, the Cookie Policy, and the Comments PolicyFor your privacy we strongly recommend you do not use your real name. While your email address will not be published, your email may reveal your photo or a recognizable image if it is associated with . It is strongly suggest you do not use a corporate or ISP email address. We reserve the right not to publish comments that do not meet guidelines. Published comments will not be deleted.